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Centara Hotels & Resorts, a leading Thai hotel group, and UAE-based master developer, Nakheel, recently cemented a joint venture with a construction contract worth USD2.63 billion to build a 601-room beachfront resort at Dubai’s Deira Islands.

Property developer Nakheel welcomed Roads and Transport Authority’s (RTA) opening of the first phase of an AED400 million (USD109 million) roads scheme at International City, Dubai.

Sharjah Investment and Development Authority (Shurooq) and Dubai-based developer Nakheel are collaborating to create a new community retail centre in Sharjah.

Dubai-based property developer, Nakheel, presented its new range of real estate investment opportunities, collectively worth more than USD2.5 billion, at MIPIM.

Master developer Nakheel, and AccorHotels have signed a management agreement for ibis Dubai Jumeirah Village Circle, further strengthening their partnership for Dubai hospitality projects.

Nakheel nd RIU Hotels & Resorts have signed a contract worth USD104,8 million for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai.

AccorHotels signed a management agreement with Dubai-based Nakheel for the expansion of Raffles Hotels & Resorts.

In the first six months of the year (H1), Nakheel posted a net profit of AED2.64 billion (USD718.77 million).

Nakheel reported a net profit of AED1.48 billion (USD402.91 million) for the first quarter of this year and confirmed its retail, hospitality and residential leasing business has performed solidly.

Aiming to expand its portfolio on Jumeirah Islands, Nakheel, one of Dubai's largest developers, has recently opened a waterfront retail pavilion in the heart of Dubai.